These stocks are dependable winners after the yield curve inverts
Utilities and consumer staples are the best performing sectors after a yield curve inversion.
Utilities and consumer staples are the best performing sectors after a yield curve inversion.
Macy's Inc cut its full-year earnings forecast after missing Wall Street estimates for quarterly profit for the first time in two years, as the department store operator discounted heavily to clear Spring inventory, sending its shares down 13%.
You may not be able to get a new passport or renew your existing one if you owe the IRS more than $52,000. Worse, your existing one might simply be revoked.
Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session's sharp gains after the United States said it would delay tariffs on some Chinese products.
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Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country.
Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies toward the brink of recession.
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An inverted yield curve marks a point on a chart where short-term investments in U.S. Treasury bonds pay more than long-term ones.
The fearsome inversion of the key 2-year and 10-year yields finally happened early Wednesday, sending markets reeling.
Because Jeffrey Epstein owned a home and business in the Virgin Islands, he likely got a substantial break on his tax bill.
Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the previous session's strong gains which followed the United States' move to delay tariffs on some Chinese products.
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.
U.S. stocks fell at open on Wednesday, as a closely-watched bond market indicator pointed to a renewed risk of recession, undoing gains from the previous session due to a retreat by Washington on its latest tariffs on Chinese goods.
Macy's Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted heavily to clear spring inventory, sending its shares down 17%.